INVESTORS GUIDE. Consolidated Results for the Fiscal Year Ending March 31, 2010 (FY 2010) May 13, 2010

INVESTORS GUIDE Consolidated Results for the Fiscal Year Ending March 31, 2010 (FY 2010) May 13, 2010 Ticker Code 2897 URL http://www.nissinfoodsholdings.co.jp/

Contents Slide NO. Page 3. Business Environments in FY2010 2 4. Consolidated Net Sales by Division for FY2010 2 5. Overview of Consolidated Results for FY2010 3 6. Business Performance by Quarter 3 7. Breakdown of Operating Income (Consolidated) 4 8. Ordinary Income, Net Income (Consolidated) 4 10. Instant Noodle Business Japan (1) NISSIN FOODS 5 11. The Second Generation: NissinnoDonbei Tempura Soba and Other Straight Noodle Products 6 12. The Third Generation: Futomen Doudou Thick, Straight Noodles 6 13. New Generations of Instant Ramen Noodles Made Possible by Technical Innovation 7 14. Average Price of Mainstay Products at Mass Merchandise Stores (Jan. 2008 to Feb. 2010) 7 15. FY2010 Impact of the 3C Marketing Strategy 8 16. Instant Noodle Business Japan (2) MYOJO FOODS 8 17. (Reference) Change in Instant Noodle Sales Contribution (Value) 9 19. Chilled Business NISSIN CHILLED FOODS, NISSIN FROZEN FOODS 10 20. Cereal, Beverage Business NISSIN CISCO, NISSIN YORK 10 21. Construction of the NISSIN YORK new Kansai plant 11 23. Overseas Segment Information 12 24. NISSIN Group Overseas Business Development (Regional 12 Representative Structure in Four Regions) 25. Geographic Segment Yearonyear Comparison 13 26. North America Segment (January December 2009) 13 27. CHOW MEIN TV commercial run (Sept. to Nov. 2009) 14 29. Forecasts for the Fiscal Year Ending March 2011 (Consolidated) 15 30. Breakdown of Operating Income Forecasts for FY2011 (Consolidated) 15 31. Effect of Retirement Benefit Expenses (Consolidated) 16 32. Forecasts in Key Business Segments and Regions in Fiscal 2011 16 33. Dividend Forecast 17 34. FY2010 Number of Shares Outstanding, Treasury Stock Purchases and Retirement 17 36. UFP2012 Targets (Group Consolidated) 18 37. Summary of UFP 2012 19 38. (Reference) Worldwide Aggregate Demand (2005 2009) 19 A.Supplementary Data A1. Consolidated Statements of Income 21 A2. Forecasts for the Fiscal Year Ending March 2010 Consolidated 22 A3. Forecasts for the Fiscal Year Ending March 2010 by businesses and areas 22 A4. Effect of retirement benefit expenses since FY2001 22 A5 Summary of selected Data Consolidated 23 A6 Major factor of changes in Balance Sheet items. 24 B.The Data about Instant Noodle Industry B1. Instant Noodle Production in Japan (Annual Production) ( 20002009 ) 25 B2. Instant Noodle Production in Japan (Monthly Production ) (Apr.Mar.) 26 B3. Instant Noodle Markets in the World (20072009) 27

ご説明は右下のスライド番号に従って進めさせて頂きます Consolidated Results for the Fiscal Year Ended March 31, 2010 May 13, 2010 NISSIN FOODS HOLDINGS CO., LTD. Code Number 2897 1 Notes for This Document These presentation materials have been posted in PDF format in the Financial Statements section of the corporate website. http://www.nissinfoodsholdings.co.jp/english/inv/fin.html The amounts in this document have been rounded to the nearest 100 million yen; totals may not agree with the sums of their components. FY2010 is the year from April 1, 2009 to March 31, 2010. The first half is the period from April 1 to September 30, 2009. The second half is the period from October 1, 2009 to March 31, 2010. The same ±notation as used in the Summary of Consolidated Financial Statements has been applied to percentage change in sales and income. Foreign exchange rates as of December 31, 2009 have been applied to overseas consolidated subsidiaries. Slide numbers appear at the bottom right of each slide. 2 1

Business Environments in FY2010 External Environment Economic stagnation led to lower consumer spending and an increased emphasis on lowpriced products and pricefocused business formats Prices of wheat, palm oil, crude oil and other materials have settled Total instant noodle production in Japan increased by 2% year on year in volume terms (April 28 statistics) Our Situation Both revenue and profit increased year on year, and net income reached a record high We announced a mediumterm management plan (UFP2012) covering the period until fiscal 2013 (digest attached) Sales of core national brand products increased year on year thanks to the valuebased strategy Although sales of openprice products continued to grow, the rate of increase slowed We are now operating profitably in North America, thanks to lower raw material prices and successful price adjustments Retirement benefit costs increased, continuing the trend from the previous year 3 Consolidated Net Sales by Division for FY2010 ( Billion) FY2009 FY2010 Change Principal Reason for Increase Pillowtype Instant Noodles Cuptype Instant Noodles Chilled and Frozen Foods 58.4 214.8 49.6 58.9 218.8 53.8 0.4 3.9 4.2 Lower sales in Japan Strong sales in North America and Asia Higher sales in Japan Due to increases of consolidated subsidiaries Other Business 39.2 39.8 0.6 Strong sales at CISCO and YORK Total 362.1 371.2 9.1 4 2

Overview of Consolidated Results for FY2010 ( Billion) FY2009 FY2010 Change Amount % Net Sales 362.1 371.2 9.1 2.5 Operating Income 23.6 27.3 3.8 16.1 (Effect of retirement benefit expenses excluded) 30.3 34.6 4.3 Ordinary Income 28.7 32.8 4.0 14.1 Net Income 15.9 20.5 4.6 29.0 Exchange Rate As of Dec. 31, 2008 As of Dec. 31, 2009 /US$ /HK$ /RMB 91.03 11.75 13.32 92.10 11.88 13.49 1.2% 1.1% 1.3% Record high net income 5 Business Performance by Quarter FY2009 FY2010 Sales Ratio Income Ratio Income Ratio Net Sales Operating Income Net Sales Operating Income % % % Pension expenses* Pension expenses excluded Pension Pension expenses expenses* excluded Pension expenses excluded 1Q 86.9 7.2 90.7 7.9 104.5 110.8 2Q 87.6 4.4 87.8 4.4 100.3 102.2 3Q 103.1 7.7 100.1 11.8 97.1 152.5 4Q 84.5 4.3 92.6 3.1 109.5 72.8 1H 174.4 11.5 (3.3) 14.8 178.5 12.4 (4.0) 16.4 102.4 107.5 110.6 2H 187.6 12.0 (3.4) 15.4 192.7 15.0 (3.2) 18.1 102.7 124.3 117.7 Total 362.1 23.6 (6.7) 30.3 371.2 27.3 (7.2) 34.6 102.5 116.1 114.2 Figures marked by are beyond the scope of quarterly disclosure. * Pension expenses show the impact of retirement benefit expenses. ( Billion) 6 3

Breakdown of Operating Income (Consolidated) Negative Factors Operating Income 27.3 billion ( 3.8 billion yearonyear Increase) Positive Factors C: Increase due to drop of promotion expense ratio D: Increase due to drop of distribution expense ratio (1.4) (1.3) (0.5) A: Increase due to declining costs B: Sales Increase 2.1 0.5 0.2 E: Increase in advertising expenses G: Increase in general expenses F: Effects of retirement benefit expenses Increase in operating income 3.8 4.2 Calculation Method (1) Variable costs (A, C, D) = (current FY sales X previous FY sales ratio) current FY costs (2) Fixed costs (E to G) = (Previous FY costs current FY costs) 2.0 1.5 1.0 0.5 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0 ( 単位 ( : Billion) 億円 ) 7 Ordinary Income, Net Income (Consolidated) Operating Income 27.3 Nonoperating Income Nonoperating Expenses Ordinary Income Extraordinary Gains Extraordinary Losses 32.8 6.2 0.8 0.1 1.8 Income Taxes 10.7 Net Income 20.5 0.0 5.0 10.0 15.0 20.0 25.0 30.0 35.0 ( 単位 : 億円 ) ( Billion) 8 4

Business Conditions in Japan (Instant Noodles) NISSIN FOODS MYOJO FOODS (New business group after transition to holding company structure) 9 Instant Noodle Business Japan (1) NISSIN FOODS Toward a new generation of technical innovation in noodles at NISSIN FOODS NISSIN s exclusive new technology for producing thick, straight noodles FY2010: New marketing strategy Clear positioning of each brand under the 3C Strategy Timely, effective response to change relating to a 3way polarization of consumer needs Increase in number of openprice products Reduction of selling expenses (factors include increased percentage of openprice products and reduction of special sales to appropriate level) Product brand value enhancement Need to enhance quality in response to changing needs Cup Noodle: Quality enhancement based on packaging/ingredients Sales of Futomen Doudou exceed 2.6 billion in the first four months from launch (retail base; 130% of planned level) 10 5

The Second Generation: NissinnoDonbei Tempura Soba and Other Straight Noodle Products Comparison of Firstgeneration and Secondgeneration Noodles First First generation: wavy wavy Second Second generation: generation: straight straight Easytoswallow traditional noodles 11 The Third Generation: Futomen Doudou Thick, Straight Noodles NISSIN s thickest noodles (fried and nonfried Chinesestyle noodles) Blade No. 14 Ultrathick (1.85 mm) Chinesestyle noodles Contains a satisfying large portion of noodles (86 grams)* Added thickness! Thickness: 1.3 mm Crosssection Current product (illustration) Thickness: 1.85 mm Crosssection Thick noodles made using the new technology (illustration) *The quantity varies slightly according to the preparation method 12 6

New Generations of Instant Ramen Noodles Made Possible by Technical Innovation First Generation (Version 1) August 1958 September 1971 Second Generation (Version 2) September 2008 Third Generation (Version 3) Further development and refinement of the 3C Strategy through a powerful combination of marketing and innovation September 2009 Reengineering Project? 2010 Fourth Generation (Version 4) 13 Average Price of Mainstay Products at Mass Merchandise Stores (Jan. 2008 to Feb. 2010) 140 130 120 110 Cup Noodle Nissin Yakisoba U.F.O. NissinnoDonbei Kitsune Regularsize average* (Source: NISSIN FOODS survey, tax included) 100 90 80 70 ( ) Jan., 2008 Price adjustment *Average of regularsize NISSIN and competitor products (From 170 to privatebrand and open prices) Although average price decreases when discount sale frequency increases, comparison with regular size products overall indicates that the price difference for the three mainstay brands has been maintained. July Jan., 2009 July Jan., 2010 14 7

FY2010 Impact of the 3C Marketing Strategy Product proposals in response to 3way polarization of consumer needs Secured sales at the prioryear level for core brands. Effective in obtaining sales of company brands and concept brands over and above sales of core brands Core Brands quality focus Maintained selling prices by emphasizing quality in messaging and secured sales at the prioryear level Company Brands price focus Contributed to sales by satisfying consumer price needs Concept Brands newproduct focus Stimulated new demand by emphasizing enjoyment of food 15 Instant Noodle Business Japan (2) MYOJO FOODS Recordhigh operating income for the second consecutive year (instant noodles business) Improvement in earning performance thanks to price adjustments and reduction of selling expenses Launch of highaddedvalue noodle product MYOJO Kiwamen Sales exceed 4.0 billion in the first year from launch (Retail basis) MYOJO Kiwamen Gyokai Tonkotsu Shoyu From March 2010 Ongoing advertising as a new brand Strong sales of MYOJO HYOUBANYA openprice range FY2011 Plans for active sales expansion activities for the 45th anniversary of MYOJO CHARUMELA NEW MYOJO Kiwamen Yakisoba From May 2010 16 8

(Reference) Change in Instant Noodle Sales Contribution (Value) All instant noodles (excluding exports etc.) sold by subsidiaries NISSIN FOODS and MYOJO FOODS represent 100% 100% 80% 8.8 10.1 12.8 11.4 8.6 9.5 9.6 9.8 (%) 60% 40% 82.6 80.4 77.6 78.8 20% 0% 49/'08 10/'083/'09 49/'09 10/'093/'10 Highvalueadded products Open price products Jointly developed products (private brands, etc.) The contribution from open price product lines decreased from 12.8% in the first half of FY2010 to 11.4% in the second half of FY2010 17 未定 Other Businesses In Japan NISSIN CHILLED FOODS NISSIN FROZEN FOODS NISSIN CISCO NISSIN YORK 18 9

Chilled Business NISSIN CHILLED FOODS, NISSIN FROZEN FOODS NISSIN CHILLED FOODS (noodles) Overall chilled foods market decreased 2%* Sales (down 1%) New product TsukemennoTatsujin, introduced in response to a Tsukemen (new style of noodles) boom, is a hit. Yokotefuu Yakisoba sells well NISSIN FROZEN FOODS Overall frozen foods market was up 3%* Sales (up 4%) Nicky Foods became a subsidiary Launch of 100yen products in the Nissinno Ramenyasan. Nissin SpaO, and Nissin Yakisoba series * Compared to previous year (Company estimate) 19 Cereal, Beverage Business NISSIN CISCO, NISSIN YORK NISSIN CISCO Overall cereal market down 3%* Sales (up 3%) Strong sales of Ciscorn BIG Overall market of packaged confectionery same as last year* Robust growth in home consumption Sales (up 3%) Line extension of 100yen products NISSIN YORK Overall lactobacillus drink market increased 2%* Eatingin; middleage and senior demand increased Sales (up 6%) Launch of 65 ml products and Pilkul Life+ * Compared to previous year (Company estimate) 20 10

Construction of the NISSIN YORK new Kansai plant (Excerpted from a press release issued January 12, 2010) In preparation for nationwide rollout of Pilkul lactobacillus drink Construction of the NISSIN YORK new Kansai plant, the company s first production base in West Japan Overview Location: 1241, Shikanocho, Nishiwaki City, Hyogo Site area: 18,135m² (5,482 tsubo) Building total floor area : 6,214m² (972 tsubo) Items produced: Pilkul and Pilkul Slim lactobacillus drinks Production capacity: 60,000 liters per day Capital investment: Approx. 4.0 billion Planned completion date: end August Planned start of operation: October The new plant will be a production base in the West Japan area for Pilkul lactobacillus drink, the company s mainstay product, and its sister product Pilkul Slim. Although sales of Pilkul in West Japan are currently limited to convenience stores (except in Okinawa Prefecture), the company plans to expand its sales channels to mass merchandise stores and other outlets and roll out the Pilkul brand nationwide. 21 Overseas Operations 22 11

Overseas Segment Information Higher Revenue and Profit from Overseas Segments Net sales: 50.1 billion in FY2009 53.3 billion in FY2010 / Yearonyear basis: up 6% Operating income: 0.4 billion in FY2009 3.8 billion in FY2010 / Yearonyear basis: up 838% Reasons for the Revenue and Profit Increases Worldwide decrease in raw materials prices and penetration of price adjustments, particularly in North America Increased management efficiency at overseas segments resulting from adoption of the holding company structure Sales increases following price adjustments in various countries (excepting India, Southeast Asia, and China) Growth Strategies Implementation of a global strategic platform for the global sharing of strategies, marketing, development, production, financial assets, and other resources and provision of support Promotion of growth in overseas instant noodle markets through the introduction in North America and China of highvalueadded products that take advantage of new technologies 23 NISSIN Group Overseas Business Development (Regional Representative Structure in Four Regions) The Americas China Asia Europe China: 40.70 billion servings The Americas: 7.04 billion servings Europe: 3.37 billion servings FY2010 Total Worldwide Demand: 91.5 billion servings Group share: 14.4% Southeast Asia: 30.84 billion servings Marketing / Technical support Information FY2010 Total Worldwide Demand 24 12

Geographic Segment Yearonyear Comparison Net Sales Operating Income Total Japan North America Other Areas Total Japan North America Other Areas Eliminat ions 1Q 86.9 73.3 6.9 6.7 7.2 7.3 (0.6) 0.6 (0.1) 2Q 87.6 72.2 7.8 7.5 4.4 5.2 (1.0) 0.4 (0.2) FY2009 3Q 103.1 88.8 7.6 6.7 7.7 7.5 (0.3) 0.7 (0.2) 4Q 84.5 77.7 3.8 3.1 4.3 3.8 0.5 0.2 (0.1) Total 362.1 312.0 26.1 24.0 23.6 23.7 (1.5) 1.9 (0.7) 1Q 90.7 76.0 8.1 6.6 7.9 6.3 0.9 1.0 (0.3) 2Q 87.8 74.5 6.9 6.4 4.4 3.4 0.6 0.5 0.0 FY2010 3Q 100.1 89.3 5.7 5.1 11.8 11.2 0.3 0.4 (0.2) 4Q 92.6 78.1 7.8 6.7 3.1 3.1 (0.1) 0.2 (0.1) Total 371.2 317.9 28.5 24.8 27.3 24.1 1.8 2.1 (0.6) Change 9.1 5.9 2.3 0.8 3.8 0.3 3.2 0.2 0.1 1Q = First Quarter The figures in italics are calculated. ( Billion) 25 North America Segment (January December 2009) North American Segment Operating profit and loss Improvement of 3.2 billion (From operating loss of 1.5 billion the previous year to operating profit of 1.7 billion) Nissin Foods (U.S.A.) Co., Inc.: Profitability improved, now operating in the black The recession helped by generating higher demand for instant noodles (3% up yearonyear) Price adjustments implemented to improve the income structure (5 times in 20082009) Priority given to income improvement lower sales volumes (8% yearonyear decline) Lower raw material prices contributed to improved earnings Strong sales of highaddedvalue products CHOW MEIN commercials launched in late August CHOW MEIN Nissin Foods de Mexico S.A. de C.V. Total demand for instant noodles fell slightly (close to previous year s level) Sales volume up 2% year on year Area strategy centering on Monterrey successful Bowl Noodles *Source World Instant Noodles Association 26 13

CHOW MEIN TV commercial run (Sept. to Nov. 2009) Impact of TV commercial run: Successfully promoted awareness of the highaddedvalue product category Appearance of the character Eddie, who provides information on the tastiness of CHOW MEIN and preparation methods Watch the TV commercial. http://www.nissinfoods.com/noodleon/ 27 Business Performance and Dividend Forecasts for FY2011 (The Year Ending March 31, 2011) 28 14

Forecasts for the Fiscal Year Ending March 2011 (Consolidated) FY2010 1H Forecast FY2011 Fullyear Forecast Change Amount % Net Sales 371.2 186.0 390.0 18.8 5.1 Operating Income 27.3 14.5 34.5 7.2 26.2 Ordinary Income 32.8 16.5 38.0 5.2 15.9 Net Income 20.5 10.0 22.0 1.5 7.3 Exchange Rate ( Billion) /US$ 92.10 92 /HK$ 11.88 12 /RMB 13.49 13 29 Breakdown of Operating Income Forecasts for FY2011 (Consolidated) Negative Factors Operating Income 34.5 billion ( 7.2 billion yearonyear Increase) Positive Factors A: Effect of retirement benefit expenses 11.2 B: Sales increase 4.5 0.2 C: Increase due to lower other costs (4.2) (4.5) D: Decrease due to higher promotion expense ratio E: Increase due to higher depreciation and amortization Increase in operating income 7.2 5.0 4.0 3.0 2.0 1.0 0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0 10.0 11.0 12.0 ( 単位 ( Billion) : 億円 ) 30 15

Effect of Retirement Benefit Expenses (Consolidated) FY2009 FY2010 FY2011 Change A: Operating Income 23.6 27.3 34.5 7.2 B: Effect of Retirement Benefit Expenses Operating Income Excluded Effect of Retirement Benefit Expenses (A + B) Effect of retirement benefit expenses: 6.7 30.3 7.2 34.6 (4.0) 30.5 The Company takes a lumpsum writeoff of actuarial differences in retirement benefits as expenses in the fiscal year following the year of occurrence. Expenses were reduced by approximately 0.9 billion due to the return of the substitutional portion (future portion) of pension liabilities to the Japanese government in November 2009. (11.2) (4.1) ( Billion) 31 Forecasts in Key Business Segments and Regions in Fiscal 2011 Seven Operating Companies in JAPAN Four Region overseas Business Instant Noodles Chilled Foods Frozen foods Confectionery Beverage Food Service Others in Japan America China, Europe, Asia Company Name 1 NISSIN FOODS MYOJO FOODS NISSIN CHILLED FOODS NISSIN FROZEN FOODS NISSIN CISCO NISSIN YORK AJINOMINGEI FOOD SERVICE Holding company, etc. 2 Net Sales 202.0 (Excluding retirement benefit expenses) 46.0 49.4 33.1 1.5 29.5 28.5 % 105.8 103.6 99.6 105.7 92.8 103.7 114.8 Operating Income 25.8 21.8 2.9 1.6 1.5 1.0 1.2 1.3 % 151.8 90.1 105.6 92.7 90.3 107.9 68.5 61.0 Others/ Consolidated Adjustments Group Total 390.0 1. The results for each company include data for subsidiaries (grandchild companies of NISSIN FOODS HOLDINGS). 2. There are data for NISSIN FOODS HOLDINGS and subsidiaries not affiliated with the business corporations listed above. 105.1 (0.8) 34.5 126.2 ( Billion) 32 16

Dividend Forecast Fiscal Year Ending March 31, 2011 10 Increase in the Annual Dividend ( 60 70) FY2009 FY2010 FY2011 Interim Dividend 25 25 35 Yearend Dividend 25 25 35 Commemorative Dividend 10 Annual Dividend 50 60 70 Net Income Per Share (EPS) 129.98 177.02 198.82 Payout Ratio 38.5% 33.9% 35.2% Dividend Policy FY2013 (the year ending March 31, 2013) target: consolidated payout ratio of 40% ( ) 33 FY2010 Number of Shares Outstanding, Treasury Stock Purchases and Retirement (Unit: 10,000 shares) Timing Mar. 31, 2009 May 21, 2009 May 28 to Jun. 12, 2009 Jan. 28, 2010 Jan. 29 to Mar. 24, 2010 Mar. 31, 2010 Number of Shares Outstanding 12,746 11,746 11,746 Purchases 312 349 500 Retirement 1,000 Treasury Stock* 521 832 1,181 181 681 681 * The term treasury stock refers to shares that the issuing company has reacquired. Treasury stock is included in the number of shares outstanding. 34 17

Reference Information The UFP 2012 MediumTerm Business Plan (Digest) UFP = UNITE FOOD POWERS Note: Figures in this section were announced on January 12, 2010 and differ from the figures in the business performance forecast. Total Worldwide Demand for Instant Noodles (2005 2009) 35 UFP2012 Targets (Group Consolidated) ) UFP2012 FY2011 FY2012 FY2013 Net Sales 390.0 410.0 430.0 Operating Income 32.0 32.0 35.5 Operating Income 1 (30.5) (32.7) (36.2) Ordinary Income 35.0 35.5 40.0 Net Income 20.0 23.5 25.0 EBITDA 2 46.0 48.0 51.5 EPS 17.3 20.3 21.6 ROE 7.1% 7.9% 8.0% Capital Expenditures 37.5 26.0 12.0 Depreciation and Amortization 14.0 16.0 16.0 1. Effect of retirement benefit expenses excluded. 2. EBITDA = Operating income + depreciation and amortization ( Billion) 36 18

Summary of UFP 2012 Management Objective The confidence to undertake technological innovation once every ten years FY2013 Net sales 430.0 billion Operating income 35.5 billion EBITDA 51.5 billion Capital Investment Largescale investments to prepare for growth until 2018 2010 2012 75.5 billion Financial Strategy Performance indicators and an efficient balance sheet FY2013 ROE 8% Shareholder Returns FY2013 payout ratio 40% 37 (Reference) Worldwide Aggregate Demand (2005 2009) (Source World Instant Noodles Association) (Jan, to Dec.) *Revised retroactively 100.0 85.9 billion 91.8 billion 94.7 billion 91.4 billion 91.5 billion Other 80.0 India Russia 60.0 5.4 12.4 5.4 5.5 14.1 15 5.1 5.3 13.7 13.9 Thailand Philippines Korea 40.0 America Vietnam 20.0 44.3 46.8 45.8 42.5 40.9 Japan Indonesia China, Hong Kong 0.0 (Billion servings) 2005 2006 2007 2008 2009 38 19

Let s move the world of food. NISSIN FOODS GROUP 39 20

A.Supplementary Data Page A1. Consolidated Statements of Income 21 A2. Forecasts for the Fiscal Year Ending March 2010 by businesses and 22 A3. Forecasts for the Fiscal Year Ending March 2010 22 A4. Effects of Accounting for Retirement Benefits 22 A5. Summary of selected Data Consolidated 23 A6. (Reference) Nonconsolidated Statements of Income 24

A1. Consolidated Statements of Income FY2009/FY2010 (Billions of yen) FY 2009 FY 2010 Change Net Sales Ratio (%) Net Sales Ratio (%) Amount % Pillowtype instant noodles 58.4 16.2 58.9 15.9 0.4 100.7 Cuptype instant noodles 214.8 59.3 218.8 58.9 3.9 101.8 Chilled and frozen foods 49.6 13.7 53.8 14.5 4.2 108.5 Other Business 39.2 10.8 39.8 10.7 0.6 101.4 1 Net sales 362.1 100.0 371.2 100.0 9.1 102.5 Cost of sales 199.8 55.2 200.6 54.1 0.9 100.4 Retirement benefit expenses 2.5 0.7 2.4 0.6 (0.1) 2 Cost of sales 202.3 55.9 203.0 54.7 0.7 100.4 3 Gross profit 159.8 44.1 168.1 45.3 8.4 105.3 Promotional expenses 59.3 16.4 60.3 16.2 1.0 101.7 Advertising expenses 12.8 3.5 14.2 3.8 1.4 110.8 Distribution expenses 21.2 5.9 21.5 5.8 0.3 101.3 Retirement benefit expenses 4.2 1.2 4.8 1.3 0.6 General expenses 38.7 10.7 40.0 10.8 1.3 103.4 4 Selling,general and administrative expenses 136.2 37.6 140.8 37.9 4.6 103.4 5 Operating income 23.6 6.5 27.3 7.4 3.8 116.1 Interest income 1.8 0.5 1.3 0.4 (0.4) 74.7 Dividend income 2.9 0.8 1.6 0.4 (1.3) 54.9 Gain on sales of marketable securities 1.9 0.5 0.9 0.2 (1.1) 45.3 Equity in earnings of affiliates 0.8 0.2 1.5 0.4 0.7 192.2 Other nonoperating income / expenses 0.0 0.0 0.0 0.1 0.0 Foreign currency exchange gain / loss (2.2) (0.7) 0.2 (0.0) 2.4 6 Nonoperating income / expenses 5.2 1.4 5.5 1.4 0.3 104.9 7 Ordinary income 28.7 7.9 32.8 8.8 4.0 114.1 Loss on impairment of fixed assets (0.1) (0.0) (0.4) (0.1) (0.3) Loss on devaluation of investments in securi (4.6) (1.3) 0.0 0.0 4.6 Other extraordinary gain / loss (0.6) (0.2) (1.2) (0.3) (0.6) 195.8 8 Extraordinary income/loss (5.4) (1.4) (1.6) (0.4) 3.7 30.5 9 Income before income taxes and minority interest 23.4 6.5 31.2 8.4 7.8 133.3 Income taxes and minority interests 9.2 2.5 13.3 3.6 4.0 143.7 Income taxesdeferred (1.8) (0.5) (3.0) (0.8) (1.1) Minority interests 0.1 0.1 0.4 0.1 0.3 10 Income taxes and minority interests 7.5 2.1 10.7 2.9 3.2 142.5 11 Net income 15.9 4.4 20.5 5.5 4.6 129.0 * The amounts in this document have been rounded to the nearest 100 million yen. The ratios of change are calculated on a yen basis and rounded to the nearest tenth. 21

A2. Forecasts for Consolideted Results for FY 2011 First half of FY2011 (\billion) ratio to sales FY2011 (forecast) Second half of FY2011 (\billion) ratio to sales (\billion) ratio to sales Sales 186.0 100.0% 204.0 100.0% 390.0 100.0% Operating income 14.5 7.8% 20.0 9.8% 34.5 8.8% 2001/3 27.3 0.5 27.8 Ordinary income 16.5 8.9% 21.5 10.5% 38.0 9.7% 2002/3 24.8 2.5 27.3 Net income 10.0 5.4% 12.0 5.9% 22.0 5.6% 2003/3 26.4 1.4 27.8 Total A4. Effect of retirement benefit expenses since FY2001 (billions of yem) Operating income Effect of retirement benefit expenses Operating income before retirement benefit expenses The amounts are rounded to the nearest 100 million yen. Rates to sales are rounded based on the amounts rounded to the nearest 100 million yen. 2004/3 23.2 5.5 28.7 2005/3 29.0 1.5 30.5 A3. Forecasts in Key business segments and regions in Fiscal 2011. Seven Operating companies in Japan Four region overseas Company name / Regions NISSIN FOODS MYOJO FOODS NISSIN CHILLED FOODS Chilled foods NISSIN FROZEN FOODS NISSIN CISCO NISSIN YORK AJINOMINGEI FOOD SERVICE Sales Operating income (billions of yen) FY2011 (foracast) Operating Sales income Instant noodles 191.0 17.0 202.0 25.8 Instant noodles 44.4 2.7 46.0 2.9 Frozen foods Confectionar y Beverage Food service Others in Japan 1.6 0.9 1.5 1.0 America China Europe Asia Business Instant noodles 28.5 1.8 29.5 1.2 Instant noodles Instant noodles FY2010 49.6 1.7 49.4 1.6 31.3 1.7 33.1 1.5 2006/3 32.0 0.3 31.7 2007/3 33.7 4.0 29.7 2008/3 27.7 0.1 27.8 2009/3 23.6 6.7 30.3 2010/3 27.3 7.2 34.6 (forecast) 2011/3 34.5 4.0 30.5 Instant noodles \/US$ 92 Elimination / Corporate 0.6 0.8 \/HK$ 12 1.3 Exchange rate for FY2011 (forecast) Total 371.2 27.3 390.0 34.5 \/RMB 13 1.Retirement benefit expenses are charged in NISSIN FOODS. 2.Amortization of goodwill is included in Corporate. 24.8 2.1 28.5 22

A5. Summary of selected Data Consolidated unit FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 Pillowtype instant noodles Millions of yen 48,918 57,871 64,915 58,447 58,859 Cuptype instant noodles Millions of yen 204,864 226,315 237,536 214,830 218,771 Chilled and frozen foods Millions of yen 40,727 41,281 44,369 49,558 53,767 Other Business Millions of yen 27,189 32,770 38,648 39,220 39,782 Net sales Millions of yen 321,700 358,238 385,469 362,057 371,178 393,500 (Growth rate) % 1.5 11.4 7.6 (6.1) 2.5 8.7 Gross profit ratio % 50.8 51.1 49.3 44.1 45.3 Operating income Millions of yen 31,979 33,734 27,671 23,552 27,341 34,500 Operating income before retirement benefit expenses Millions of yen 31,668 29,662 27,813 30,271 34,568 30,500 Operating income ratio % 9.9 9.4 7.2 6.5 7.4 8.8 Ordinary income Millions of yen 39,526 37,843 32,798 28,748 32,794 38,000 Ordinary income ratio % 12.3 10.6 8.5 7.9 8.8 9.7 Net income Millions of yen 15,388 18,968 13,591 15,890 20,496 22,000 Net assets Millions of yen 263,199 288,476 288,844 285,569 271,951 Total assets Millions of yen 366,801 410,407 392,694 408,729 408,410 Net assets per share Yen 2,167.81 2,304.40 2,310.36 2,287.21 2,406.26 Net income per share Yen 125.09 156.12 111.17 129.98 177.02 198.82 Equity ratio % 71.8 68.7 71.9 68.4 65.2 PER Times 29.1 27.7 30.2 22.3 17.8 Cash flows from operating activities Millions of yen 26,635 26,974 25,875 30,010 40,777 Cash flows from investing activities Millions of yen (20,068) (4,770) (16,600) (31,829) (2,339) Cash flows from financing activities Millions of yen (12,940) (7,421) (6,827) (1,865) (38,109) Cash Dividends Per Share Yen 30.0 50.0 50.0 50.0 60.0 70.0 Dividend payout % 24.0 32.0 45.0 38.5 33.9 35.2 ROE % 5.9 7.0 4.8 5.7 7.5 ROA % 4.2 4.9 3.4 4.0 5.0 Advertising expense ratio % 3.8 3.5 3.2 3.5 3.8 Distribution expense ratio % 5.4 5.7 5.7 5.9 5.8 Promotional expense ratio % 23.2 24.3 23.6 16.4 16.2 Capital investment Millions of yen 3,516 6,151 10,766 17,572 18,447 37,500 Depreciation and Amortization Millions of yen 5,976 6,187 7,526 7,973 9,577 14,000 R&D expenses Millions of yen 2,726 3,163 3,446 3,477 3,806 ( 注 ) * The amounts in this document have been rounded to the nearest million yen. 1. Number of shares outstanding exclude treasury stock 2.According to the adoption of the new Corporate Law, from the Fiscal Year Ended March 31, 2007<Shareholders' equity> is changed to <Net assets>, and <Minority interests> is included. <Shareholders' equity ratio> is also changed to <Equity ratio>. 3. Interim cash dividend system is impelmented since the fiscal year ended 2006/3. 4.These results are based on the disclosed Financial Statements report for the current period. 23

A6. Major factor of changes in Balance Sheet items. (Billions of yen) Consolidated Balance sheet FY2009 FY2010 change Major factor Assets Current assets Marketable Securities 17.6 22.7 5.0 Transfer from noncurrent assets Others 11.4 3.6 7.8 Decrease in other accounts receivable Total Current assets 158.3 155.8 2.5 Fixed assets Tangible fixed assets 101.1 109.3 8.1 Investment and other assets Purchase of property, plant and equipment 144.5 138.5 6.1 Transfer to current assets Total fixed assets 250.5 252.6 2.1 Total assets 408.7 408.4 0.3 Liabilities Current liabilities Notes and accounts payable trade 43.2 40.4 2.8 Shortterm borrowings 4.6 2.0 2.6 Effect of refinance Others 40.9 45.7 Increase in payables for capital 4.7 expenditure Total current liabilities 88.7 88.1 0.6 Longterm liabilities Longterm borrowings 5.4 9.9 Refinance and new borrowings by 4.5 subsidiaries. Deferred tax liabilities 7.1 9.5 2.4 Accrued retirement 15.3 22.5 7.2 benefits to employees Total longterm 34.4 48.4 13.9 liabilities Total liabilities 123.2 136.5 13.3 Net assets Shareholders' equity Common stock 25.1 25.1 Additional paidin capital 49.8 48.4 1.3 Retained earnings 235.1 223.9 11.2 Tresury stock 14.4 20.4 6.1 Purchase of tresury stock Total shareholders' equity 295.6 276.9 18.6 Valuation and translation adjustments and other Net unrealized holding gain(loss) on securities 0.5 3.6 4.1 Translation adjustments 7.9 6.6 1.3 Total valuation and translation adjustments 15.9 10.7 5.3 Stock options 0.2 0.2 Minority interests 5.9 5.5 0.4 Total net assets 285.6 272.0 13.6 Total liabilities and net assets 408.7 408.4 0.3 24

B.The Data about Instant Noodle Industry Page B1. Instant Noodle Production in Japan (Annual Production) ( 20002009 ) 25 B2. Instant Noodle Production in Japan ( Monthly Production ) (Apr.Mar.) 26 B3. Instant Noodle Markets in the World ( 20072009 ) 27

B1. Instant Noodle Production in Japan (Annual Production) ( 20002009 ) ( million units ) 6,000 5,000 4,000 3,000 2,000 1,000 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 (Apr.Mar.) ( million units ) 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Pillowtype instant noodles 2,020 2,022 2,027 2,153 2,124 2,023 1,979 2,031 1,955 1,911 Cuptype instant noodles 3,188 3,294 3,304 3,337 3,408 3,419 3,327 3,319 3,290 3,438 Total 5,207 5,316 5,331 5,490 5,533 5,442 5,306 5,349 5,245 5,349 (Source)Japan Convenience Foods Industry Association ( http://www.instantramen.or.jp ) * Annual production volume is based on the calender year (AprilMarch) production. 25

B2. Instant Noodle Production in Japan ( Monthly Production ) (Apr.Mar.) <Pillowtype and Cuptype Total> (million units except ratio and total production amount) Fiscal year ended Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Total JAS qualified 2010/3 365 292 280 272 271 340 402 411 398 284 331 368 4,014 2009/3 338 305 281 293 254 332 388 387 393 288 334 348 3,940 Ratio (%) 108.1 95.5 99.5 93. 107. 102.2 103.6 106.2 101.4 98.6 99.1 105.8 101.9 Not JAS 2010/3 110 109 79 71 86 101 101 107 123 83 84 96 1,151 qualified 2009/3 105 92 77 76 72 99 122 90 122 100 75 96 1,127 Ratio (%) 105.6 118.9 102.8 93.4 119.6 101.8 82.3 118.5 100.9 82.5 111.8 100.2 102.1 Sub total 2010/3 476 401 359 344 357 441 503 518 521 366 416 464 5,165 2009/3 442 397 358 369 326 431 510 477 515 388 410 444 5,067 Ratio (%) 107.5 100.9 100.2 93.1 109.8 102.1 98.5 108.5 101.3 94.5 101.5 104.6 101.9 Longlife fresh 2010/3 14 13 14 14 11 14 28 24 15 13 12 13 184 noodle 2009/3 12 11 11 17 11 15 17 24 22 12 14 12 177 Ratio (%) 119.2 117.1 132.6 82.6 100.2 89.0 164.4 99.0 69.4 107.1 90.5 104.2 103.9 Total 2010/3 490 414 373 358 368 454 530 542 536 379 428 477 5,349 production 2009/3 454 408 369 386 336 447 527 501 537 400 423 456 5,245 volume Ratio (%) 107.8 101.3 101.2 92.6 109.5 101.7 100.6 108.1 99.9 94.8 101.1 104.6 102.0 Total production 2010/3 46,623 38,640 35,514 35,338 36,076 44,004 51,630 52,617 52,276 37,274 41,464 45,493 516,951 amount 2009/3 45,382 40,714 36,702 37,853 33,793 44,655 50,696 48,945 52,623 39,044 41,211 44,456 516,073 (Millions of Yen) Ratio (%) 102.7 94.9 96.8 93.4 106.8 98.5 101.8 107.5 99.3 95.5 100.6 102.3 100.2 <Pillowtype Noodles> (million units except ratio and total production amount) Fiscal year ended Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Total JAS qualified 2010/3 130 110 100 94 96 124 139 139 137 94 116 122 1,403 2009/3 121 108 107 110 91 118 145 139 139 92 118 121 1,410 Ratio (%) 107. 101.7 93.4 85.5 106.1 105.2 95.7 100.3 98.5 102.3 98.2 101.2 99.5 Not JAS 2010/3 51 56 25 15 31 33 34 40 43 25 25 30 409 qualified 2009/3 39 36 24 22 21 34 58 49 55 50 33 31 452 Ratio (%) 129.0 152.9 104.6 66.7 147.9 99.0 57.9 83.4 78.7 50.2 77.0 97.2 90.4 Sub total 2010/3 181 166 125 109 127 157 172 180 181 119 141 153 1,811 2009/3 161 145 131 132 112 152 203 187 194 142 151 152 1,862 Ratio (%) 112.4 114.6 95.4 82.4 114.0 103.8 84.9 95.9 92.9 84.0 93.7 100.4 97.3 Longlife fresh 2010/3 8 8 10 10 8 7 9 9 9 6 8 7 100 noodle 2009/3 7 7 7 13 7 7 9 8 9 6 7 7 93 Ratio (%) 122.9 117.9 135.4 80.8 114.9 105.3 103.3 113.3 108.8 98.5 104.6 104.0 107.5 Total 2010/3 189 174 135 119 135 165 181 188 190 125 149 160 1,911 production 2009/3 168 152 139 145 119 158 211 195 203 148 158 159 1,955 volume Ratio (%) 112.8 114.7 97.6 82.3 114.0 103.9 85.6 96.6 93.6 84.6 94.2 100.5 97.8 Total production 2010/3 13,201 12,143 9,048 8,829 10,243 12,877 12,545 12,980 13,382 8,751 10,394 10,646 135,039 amount 2009/3 11,532 10,563 9,862 10,222 8,983 11,867 14,660 13,496 14,401 10,512 11,101 11,016 138,216 (Millions of Yen) Ratio (%) 114.5 115.0 91.7 86.4 114.0 108.5 85.6 96.2 92.9 83.3 93.6 96.6 97.7 <Cuptype Noodles> (million units except ratio and total production amount) Fiscal year ended Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Total JAS qualified 2010/3 235 181 180 178 175 216 264 272 261 189 215 245 2,611 2009/3 216 197 174 183 163 214 243 248 253 195 216 227 2,530 Ratio (%) 108.7 92.0 103.3 97.6 107.5 100.6 108.3 109.5 102.9 96.9 99.6 108.3 103.2 Not JAS 2010/3 60 53 54 57 55 68 67 67 80 58 59 66 742 qualified 2009/3 65 55 53 54 51 65 64 42 67 50 43 65 675 Ratio (%) 91.6 96.5 102.0 104.2 107.9 103.3 104.3 159.1 119.2 114.6 138.6 101.6 110.0 Sub total 2010/3 295 235 234 235 230 283 331 339 340 247 274 311 3,354 2009/3 282 252 227 237 214 280 307 290 320 246 259 292 3,206 Ratio (%) 104.7 93.0 103.0 99.1 107.6 101.2 107.5 116.7 106.3 100.5 106.0 106.8 104.6 Longlife fresh 2010/3 6 4 4 4 3 6 19 15 6 7 5 5 84 noodle 2009/3 5 4 3 4 4 8 8 16 14 6 6 5 84 Ratio (%) 114.1 115.6 126.2 87.9 71.5 76.0 227.4 92.2 44.8 115.3 74.7 104.7 99.9 Total 2010/3 301 239 238 239 233 290 349 354 346 254 279 317 3,438 production 2009/3 287 256 230 241 217 288 316 306 334 252 265 297 3,290 volume Ratio (%) 104.9 93.3 103.3 98.9 107.0 100.5 110.6 115.4 103.8 100.9 105.3 106.8 104.5 Total production 2010/3 33,423 26,497 26,466 26,510 25,833 31,127 39,085 39,637 38,895 28,523 31,070 34,846 381,911 amount 2009/3 33,850 30,151 26,840 27,632 24,810 32,787 36,036 35,449 38,222 28,532 30,110 33,439 377,857 (Millions of Yen) Ratio (%) 98.7 87.9 98.6 95.9 104.1 94.9 108.5 111.8 101.8 100.0 103.2 104.2 101.1 (Source) Japan Convenience Foods Industry Association (JCFIA) manufacturer's sales base 26

B3. Instant Noodle Markets in the World ( 20072009 ) Asia North America Latin America Europe Others (Jan.Dec.) Country Population GDP GDP/capita Demands (100 million units) Units Nissin Subsidiaries and Branch (100 million (million) US$) (US$) 2007 2008 2009 per capita and Establishment Month Japan 127.6 4,900 38,371 54.6 51.0 53.4 41.8 MYOJO FOODS (06/12) Zhuhai Golden Coast Winner Food (93/7) Guangdong Shunde Nissin Foods (94/11) 1,345.8 4,327 3,292 Shanghai Nissin Foods (95/2) 458.1 425.3 408.6 30.2 China Jinmailang Foods (04/6) Nissin Foods (HK) (84/10) Hong Kong 6.9 216 30,872 Winner Food (89/3) Indonesia 230.0 511 2,247 149.9 137.0 139.3 60.6 PT.Nissinmas (92/6) Republic of Korea 48.3 929 19,296 32.2 33.4 34.8 72.0 the Philippines 92.0 169 1,866 24.8 25.0 25.5 27.7 NURC (94/8) Vietnam 88.1 91 1,041 39.1 40.7 43.0 48.8 Thailand 67.8 282 4,187 22.2 21.7 23.5 34.7 Nissin Foods (Thailand) (94/1) Thai President Foods (06/12) Taiwan 22.2 391 17,054 8.8 8.4 8.2 36.9 Malaysia 27.5 221 8,197 11.8 12.1 12.0 43.6 India 1,198.0 1,254 1,061 12.0 15.6 20.2 1.7 Indo Nissin Foods (90/5) Cambodia 13.4 2.1 2.4 2.4 17.9 Singapore 4.0 182 39,423 1.2 1.3 1.3 32.4 Nissin Foods (Asia) (09/1) Myanmar 35.3 2.2 2.1 2.1 5.9 Nepal 23.2 13 465 4.3 5.1 5.9 25.5 Bangladesh 162.2 79 494 1.5 0.6 0.4 Total Asia 823.3 782.6 780.8 USA 314.7 14,097 45,230 39.0 39.5 40.8 13.0 Canada 33.6 1,502 45,166 2.0 2.0 2.0 6.0 Total North America 41.0 41.5 42.8 Mexico 109.6 1,082 9,964 9.0 8.6 8.6 7.8 Nissin Foods(U.S.A.) (70/7) MYOJO U.S.A.,INC.(06/12) Nissin Foods de Mexico S.A. de C.V. (05/10) (its predecessor, Mexico Branch, established in 00/9.) Brazil 193.7 1,595 8,311 15.0 16.9 18.7 9.7 NissinAjinomoto Alimentos (75/5) Peru 27.4 129 4,471 0.2 0.2 0.2 0.7 Costa Rica 3.8 0.2 0.2 0.2 4.7 Total Latin America 24.4 25.9 27.7 UK 61.6 2,666 43,544 2.6 2.6 2.6 4.2 Germany 82.2 3,649 44,363 1.8 1.8 1.8 2.2 Nissin Foods GmbH (93/2) France 62.3 2,857 44,675 0.4 0.4 0.4 0.6 Belgium 10.3 504 47,609 0.1 0.1 0.1 1.0 Netherlands 16.6 871 52,699 0.2 0.2 0.2 1.2 Russia 140.9 1,677 11,858 27.1 24.0 21.4 15.2 Mareven Food Holdings(09/1) Ukraine 45.7 180 3,921 5.0 5.2 11.4 Eastern Europe Northern Europe Poland 38.2 528 13,855 2.7 3.0 3.1 5.3 Hungary 10.2 155 15,448 Nissin Foods Kft. (04/4) Czech 10.2 217 21,036 Denmark 5.3 341 62,520 0.3 0.3 0.3 1.2 Sweden 9.2 479 52,035 Norway 4.5 452 94,791 Finland 5.2 273 51,409 Total Europe 35.2 37.4 35.1 Australia 21.3 1,017 48,253 1.5 1.5 1.6 7.5 New Zealand 4.1 126 29,879 0.4 0.4 0.4 9.7 Fiji and outskirt islands 0.8 0.8 0.8 0.9 South Africa 50.1 276 5,566 0.8 0.9 0.9 1.8 GCC Coumtries * 6.7 6.9 7.3 154.7 219 1,450 10.8 14.0 16.0 10.3 Nigeria others 2.0 2.0 2.0 Total Others 23.0 26.5 29.1 Grand Total 946.9 913.9 915.4 (Source) Population, GDP, GDP/capita : Ministry of Internal Affairs and Communications Demands : WINA (World Instant Noodles Association) * Gulf Cooperation Council Coumtries 27

Ticker Code 2897 Information この資料に掲載しております当社の計画及び業績の見通し 戦略な in this material is not intended to solicit どは 発表日時点において把握できる情報から得られた当社の経営 sales 判断に基づいています あくまでも将来の予測であり 市場における or purchase of Nissin Foods stock shares. The comments 価格競争の激化 事業環境をとりまく経済動向の変動 為替の and estimates in this document is based on the 変動 資本市場における相場の大幅な変動 他 様々なリスク及び company s judgment at the time of publication 不確定要因により 実際の業績と異なる可能性がございますことを and 予めご承知おきくださいますようお願い申し上げます their accuracy is not guaranteed. They are subject to change without notice in the future. The company and its officers and representatives hold no responsibility for any damage or inconvenience that may be caused by any part of this material. Corporate Communications Division (Tokyo Head Office) Tel:0332055027 / Fax:0332055259 Regularly updated IR information in English is also available on Nissin's web site at http://www.nissinfoods.co.jp/